Latest news with #ACEA
Yahoo
a day ago
- Automotive
- Yahoo
EU commercial vehicle registrations decline in H1 2025: ACEA report
The European Automobile Manufacturers' Association (ACEA) has revealed a 13.2% drop in new EU van registrations, with the three largest markets contributing to the decline. Germany's market experienced the largest drop, with a 14.7% reduction in registrations. France and Italy also saw notable declines of 12% and 11.7%, respectively. In contrast, Spain recorded an 11.2% rise in new van registrations. The truck segment did not fare any better, with a 15.4% decrease in new EU truck registrations, amounting to 155,367 units. The heavy-truck segment was particularly affected, with a 14.5% fall in registrations, while the medium-truck segment saw a 20% decline. All major markets, including Germany, France, Spain, and Italy, faced double-digit percentage drops. The bus segment also reported a reduced demand compared to the first half of the previous year, with a total of 18,123 units registered. Despite the overall reduction in vehicle registrations, there are changes in fuel type preferences among buyers. Diesel-powered vans still lead the market but have seen a decrease in market share from 84.3% to 82%, with a 15.6% fall in registrations. Petrol-powered vans now hold a 4.9% share after a 29.8% decline. Electrically chargeable vans have increased their market share to 9.5%, up from 5.8% in the previous year. Hybrid vans, although growing by 7.1%, remain a smaller portion of the market with a 2.6% share. The truck market continues to be dominated by diesel, with a 93.6% share despite a 15.4% drop in registrations. Electrically chargeable trucks have made gains, now holding a 3.6% market share, with the Netherlands showing a significant 187.6% increase in registrations in this category. In the bus sector, the share of electrically chargeable bus registrations has risen from 16.4% to 21.6%. Hybrid-electric buses have declined by 35.5%, and diesel buses, while still predominant, have decreased to a 64.7% market share. In a statement, the ACEA said: 'The first half of 2025 proved challenging for the EU's commercial vehicle market, marked by significant registration declines in key markets, amidst an already challenging economic context. 'While the electrically chargeable share increased, the growth trajectory is still not fast enough as market uptake continues to be stymied by the near absence of essential enabling conditions.' A recent ACEA report also revealed a drop of 1.9% in the EU's new car registrations for H1 2025, compared to the same period last year. "EU commercial vehicle registrations decline in H1 2025: ACEA report" was originally created and published by Motor Finance Online, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Bangkok Post
4 days ago
- Automotive
- Bangkok Post
Europe's carmakers still nervous despite EU-US trade deal
PARIS - Europe's auto industry is relieved that the EU-US trade deal reduces short-term uncertainty but many, particularly in the struggling German sector, remain deeply worried about the long-term impact. After months of tariff turbulence that threatened to escalate into a trade war, US President Donald Trump and EU chief Ursula von der Leyen struck the agreement Sunday that will see EU exports taxed at 15 percent. This across-the-board rate also applies to exports from Europe's critical auto sector to America, and is far below a previous rate of 27.5 percent for cars and vehicle parts that came into force in April. European auto industry group ACEA welcomed the "de-escalation" as the United States is a major destination for the continent's vehicle shipments, accounting for 22 percent of the EU export market in 2024. It is an "important step towards easing the intense uncertainty surrounding transatlantic trade relations in recent months," the group said. French automotive supplier Forvia echoed the message, saying the accord "helps reduce volatility and uncertainty... for all economic players". There was still a great deal of concern -- the tariffs remain far higher than a 2.5 percent rate that European manufacturers exporting to the United States faced before Trump returned as president. The 15-percent levy "will continue to have a negative impact not just for industry in the EU but also in the US," said ACEA director general Sigrid de Vries. - German industry woes - The German auto sector stands to be hit particularly hard, with the United States the top market for German vehicle exports last year, receiving about 13 percent of the total. The 15-percent tariff "will cost German automotive companies billions annually and burdens them", said Hildegard Mueller, president of Germany's main auto industry group, the VDA. This comes at a time when top German carmakers Volkswagen, BMW and Mercedes-Benz were already struggling with falling sales in China, weak demand in Europe and a slower than expected transition to electric vehicles. The impacts of the higher rates introduced earlier this year are already being felt. Volkswagen, Europe's biggest automaker, reported a 1.3 billion euro hit for the first half of the year due to the tariffs. Stellantis, whose brands include Jeep, Citroen and Fiat, has seen North American vehicles sales plummet, and Swedish automaker Volvo's earnings were hit by tariffs. Some industry leaders have proposed solutions. BMW's chief Oliver Zipse suggested in June that Europe should drop its import tariffs on cars imported from the United States. Volkswagen boss Oliver Blume has said the group could forge its own agreement with Washington that took into account the investments the group plans in the United States, the world's biggest economy. But for now there is little relief on the horizon, and carmakers will have to adapt. In the long term, higher tariffs in the United States than in Europe could create "big losers" in Germany's automotive industry, said Ferdinand Dudenhoeffer, director of the Center Automotive Research institute. If BMW and Mercedes boost production in the United States to skirt tariffs, they could start shipping a growing number of vehicles to Europe that are subject to lower import levies, Dudenhoeffer said. Struggling auto plants in Europe "will reduce their production", he warned, which could lead to up to 70,000 jobs being cut in Germany and shifted to America.

News.com.au
4 days ago
- Automotive
- News.com.au
Europe's carmakers still nervous despite EU-US trade deal
Europe's auto industry is relieved that the EU-US trade deal reduces short-term uncertainty but many, particularly in the struggling German sector, remain deeply worried about the long-term impact. After months of tariff turbulence that threatened to escalate into a trade war, US President Donald Trump and EU chief Ursula von der Leyen struck the agreement Sunday that will see EU exports taxed at 15 percent. This across-the-board rate also applies to exports from Europe's critical auto sector to America, and is far below a previous rate of 27.5 percent for cars and vehicle parts that came into force in April. European auto industry group ACEA welcomed the "de-escalation" as the United States is a major destination for the continent's vehicle shipments, accounting for 22 percent of the EU export market in 2024. It is an "important step towards easing the intense uncertainty surrounding transatlantic trade relations in recent months," the group said. French automotive supplier Forvia echoed the message, saying the accord "helps reduce volatility and uncertainty... for all economic players". There was still a great deal of concern -- the tariffs remain far higher than a 2.5 percent rate that European manufacturers exporting to the United States faced before Trump returned as president. The 15-percent levy "will continue to have a negative impact not just for industry in the EU but also in the US," said ACEA director general Sigrid de Vries. - German industry woes - The German auto sector stands to be hit particularly hard, with the United States the top market for German vehicle exports last year, receiving about 13 percent of the total. The 15-percent tariff "will cost German automotive companies billions annually and burdens them", said Hildegard Mueller, president of Germany's main auto industry group, the VDA. This comes at a time when top German carmakers Volkswagen, BMW and Mercedes-Benz were already struggling with falling sales in China, weak demand in Europe and a slower than expected transition to electric vehicles. The impacts of the higher rates introduced earlier this year are already being felt. Volkswagen, Europe's biggest automaker, reported a 1.3 billion euro hit for the first half of the year due to the tariffs. Stellantis, whose brands include Jeep, Citroen and Fiat, has seen North American vehicles sales plummet, and Swedish automaker Volvo's earnings were hit by tariffs. Some industry leaders have proposed solutions. BMW's chief Oliver Zipse suggested in June that Europe should drop its import tariffs on cars imported from the United States. Volkswagen boss Oliver Blume has said the group could forge its own agreement with Washington that took into account the investments the group plans in the United States, the world's biggest economy. But for now there is little relief on the horizon, and carmakers will have to adapt. In the long term, higher tariffs in the United States than in Europe could create "big losers" in Germany's automotive industry, said Ferdinand Dudenhoeffer, director of the Center Automotive Research institute. If BMW and Mercedes boost production in the United States to skirt tariffs, they could start shipping a growing number of vehicles to Europe that are subject to lower import levies, Dudenhoeffer said. Struggling auto plants in Europe "will reduce their production", he warned, which could lead to up to 70,000 jobs being cut in Germany and shifted to America.


Int'l Business Times
4 days ago
- Automotive
- Int'l Business Times
Europe's Carmakers Still Nervous Despite EU-US Trade Deal
Europe's auto industry is relieved that the EU-US trade deal reduces short-term uncertainty but many, particularly in the struggling German sector, remain deeply worried about the long-term impact. After months of tariff turbulence that threatened to escalate into a trade war, US President Donald Trump and EU chief Ursula von der Leyen struck the agreement Sunday that will see EU exports taxed at 15 percent. This across-the-board rate also applies to exports from Europe's critical auto sector to America, and is far below a previous rate of 27.5 percent for cars and vehicle parts that came into force in April. European auto industry group ACEA welcomed the "de-escalation" as the United States is a major destination for the continent's vehicle shipments, accounting for 22 percent of the EU export market in 2024. It is an "important step towards easing the intense uncertainty surrounding transatlantic trade relations in recent months," the group said. French automotive supplier Forvia echoed the message, saying the accord "helps reduce volatility and uncertainty... for all economic players". There was still a great deal of concern -- the tariffs remain far higher than a 2.5 percent rate that European manufacturers exporting to the United States faced before Trump returned as president. The 15-percent levy "will continue to have a negative impact not just for industry in the EU but also in the US," said ACEA director general Sigrid de Vries. The German auto sector stands to be hit particularly hard, with the United States the top market for German vehicle exports last year, receiving about 13 percent of the total. The 15-percent tariff "will cost German automotive companies billions annually and burdens them", said Hildegard Mueller, president of Germany's main auto industry group, the VDA. This comes at a time when top German carmakers Volkswagen, BMW and Mercedes-Benz were already struggling with falling sales in China, weak demand in Europe and a slower than expected transition to electric vehicles. The impacts of the higher rates introduced earlier this year are already being felt. Volkswagen, Europe's biggest automaker, reported a 1.3 billion euro hit for the first half of the year due to the tariffs. Stellantis, whose brands include Jeep, Citroen and Fiat, has seen North American vehicles sales plummet, and Swedish automaker Volvo's earnings were hit by tariffs. Some industry leaders have proposed solutions. BMW's chief Oliver Zipse suggested in June that Europe should drop its import tariffs on cars imported from the United States. Volkswagen boss Oliver Blume has said the group could forge its own agreement with Washington that took into account the investments the group plans in the United States, the world's biggest economy. But for now there is little relief on the horizon, and carmakers will have to adapt. In the long term, higher tariffs in the United States than in Europe could create "big losers" in Germany's automotive industry, said Ferdinand Dudenhoeffer, director of the Center Automotive Research institute. If BMW and Mercedes boost production in the United States to skirt tariffs, they could start shipping a growing number of vehicles to Europe that are subject to lower import levies, Dudenhoeffer said. Struggling auto plants in Europe "will reduce their production", he warned, which could lead to up to 70,000 jobs being cut in Germany and shifted to America. bur-sr/js US President Donald Trump and EU chief Ursula von der Leyen agreed on a trade deal AFP New Volkswagen cars at a German plant ready to be shipped AFP


France 24
4 days ago
- Automotive
- France 24
Europe's carmakers still nervous despite EU-US trade deal
After months of tariff turbulence that threatened to escalate into a trade war, US President Donald Trump and EU chief Ursula von der Leyen struck the agreement Sunday that will see EU exports taxed at 15 percent. This across-the-board rate also applies to exports from Europe's critical auto sector to America, and is far below a previous rate of 27.5 percent for cars and vehicle parts that came into force in April. European auto industry group ACEA welcomed the "de-escalation" as the United States is a major destination for the continent's vehicle shipments, accounting for 22 percent of the EU export market in 2024. It is an "important step towards easing the intense uncertainty surrounding transatlantic trade relations in recent months," the group said. French automotive supplier Forvia echoed the message, saying the accord "helps reduce volatility and uncertainty... for all economic players". There was still a great deal of concern -- the tariffs remain far higher than a 2.5 percent rate that European manufacturers exporting to the United States faced before Trump returned as president. The 15-percent levy "will continue to have a negative impact not just for industry in the EU but also in the US," said ACEA director general Sigrid de Vries. German industry woes The German auto sector stands to be hit particularly hard, with the United States the top market for German vehicle exports last year, receiving about 13 percent of the total. The 15-percent tariff "will cost German automotive companies billions annually and burdens them", said Hildegard Mueller, president of Germany's main auto industry group, the VDA. This comes at a time when top German carmakers Volkswagen, BMW and Mercedes-Benz were already struggling with falling sales in China, weak demand in Europe and a slower than expected transition to electric vehicles. The impacts of the higher rates introduced earlier this year are already being felt. Volkswagen, Europe's biggest automaker, reported a 1.3 billion euro hit for the first half of the year due to the tariffs. Stellantis, whose brands include Jeep, Citroen and Fiat, has seen North American vehicles sales plummet, and Swedish automaker Volvo's earnings were hit by tariffs. Some industry leaders have proposed solutions. BMW's chief Oliver Zipse suggested in June that Europe should drop its import tariffs on cars imported from the United States. Volkswagen boss Oliver Blume has said the group could forge its own agreement with Washington that took into account the investments the group plans in the United States, the world's biggest economy. But for now there is little relief on the horizon, and carmakers will have to adapt. In the long term, higher tariffs in the United States than in Europe could create "big losers" in Germany's automotive industry, said Ferdinand Dudenhoeffer, director of the Center Automotive Research institute. If BMW and Mercedes boost production in the United States to skirt tariffs, they could start shipping a growing number of vehicles to Europe that are subject to lower import levies, Dudenhoeffer said. Struggling auto plants in Europe "will reduce their production", he warned, which could lead to up to 70,000 jobs being cut in Germany and shifted to America.